Orby Network
  • Introduction
    • What is Orby?
    • What is $USC?
  • Tokenomics
    • $ORB
    • $esORB
    • The Vault
  • Overview
    • $USC Borrowing & Repayment
      • Borrowing $USC
      • Repaying $USC
    • Supported Collateral
      • Collateral Risk Parameters
    • Liquidations & the Stability Pool
      • Liquidations
      • Stability Pool
    • $USC's peg stability & Redemptions
      • Base Rate
      • Redemption Mechanism
    • Understanding Liquidations vs Redemptions vs Repayment
    • Risk Dashboard
    • Recovery Mode
      • Liquidations in Normal Mode
      • Liquidations in Recovery Mode
    • Security & Audits
    • Orby Ecosystem & Partnerships
    • Airdrop Campaign
      • Airdrop Seasons
        • Season 1
        • Season 2
      • How to claim airdrop rewards?
      • Airdrop Terms and Conditions
  • User Guide
    • How to connect to Orby Network
    • How to borrow $USC
      • Opening a new shuttle
      • Borrowing more $USC
    • How to repay $USC
      • Repaying debt partially
      • Repaying debt fully
    • How to obtain collateral
    • How to add collateral
    • How to withdraw collateral
    • How to use the Stability Pool
      • Depositing $USC
      • Withdrawing $USC
      • Claiming Stability Pool rewards
    • How to stake $esORB/$ORB
    • How to track points
    • How to use the Redemption feature
      • Getting the Best Exchange Rate
      • VVS Swap Widget
    • How to recover collateral after liquidation
    • How to recover collateral after redemption
    • Glossary of Terms
  • Additional Info
    • Smart Contract Addresses
    • Price Oracle
    • Team Wallets
    • Risk Disclosure
    • Terms of Use
    • Brand Guidelines
    • Bridging
    • Bug Bounty
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  1. Overview
  2. Liquidations & the Stability Pool

Stability Pool

PreviousLiquidationsNext$USC's peg stability & Redemptions

Last updated 1 month ago

The Stability Pool (SP) is the primary source of funds for liquidations on Orby Network. When liquidations occur, SP depositors absorb the debt and, in return, receive a share of the liquidated collateral, distributed based on their deposit size. For steps on using the Stability Pool, please click .

Key Features:

  • No minimum lockup – deposit and withdraw anytime.

  • Withdrawals may be paused if there are undercollateralized positions.

Rewards for SP Depositors:

  1. Liquidation Proceeds – Paid in the underlying (e.g., $CDCETH).

  2. Protocol Rewards – Paid in .

Commonly asked questions

Why should I deposit $USC in the Stability Pool?
  • You will earn real yield (liquidation revenue) paid out in $cdcETH

  • You will earn token incentives paid out in $esORB

    • $esORB can be converted to $ORB or deposited in the Vault for even more rewards

I deposited [USC 100] into the Stability Pool. Why do I now only have [USC 80]?

Any $USC deposited in the Stability Pool will be used to pay a liquidated user's debt. Hence, you will expect to see your $USC in the pool decline. However, you will instead receive $cdcETH at a discounted rate in return.

For example, a user with a collateral ratio of 135% (USC 100 worth of borrowing) gets liquidated. $100 will be taken from the Stability Pool (SP) to pay off his debt, and $135 of his $cdcETH collateral will be sent to the Pool and distributed between liquidity providers and the liquidator.

This essentially means that SP providers (excluding the liquidator) paid $100 for $134.325 worth of $cdcETH.

Can I withdraw my $USC at any time?

Yes - unless there are undercollateralized positions that have yet to be liquidated. In such a scenario, withdrawals will be halted until all underwater positions are liquidated.

here
collateral
$esORB